Business news from Ukraine

Business news from Ukraine

“Agromat” Increased Its Net Profit by 91.4% in 2025

Shareholders of the industrial and technical company ‘Agromat’ decided to issue Series “J” bonds worth 100 million UAH for public offering, the company reported in the NSSMC system.

According to the announcement, the bond offering is being conducted to optimize the company’s debt portfolio.

It is noted that the bonds are planned to be placed through a public offering exclusively to qualified investors (without a prospectus) via an investment firm acting as a placement agent without providing a guarantee.

AgroMat corporate bonds of Series “H” and “I,” each with a total face value of 100 million UAH, are currently in circulation.

The announcement states that the company’s co-owners, each holding a 28.65% stake, are CEO Serhiy Voitenko, Oksana Reva, and Anatoliy Taday; an additional 10.05% is owned by Olga Bashota, and 4% by Nadiya Rushelyuk.

As previously reported, in September 2024, “Agromat” issued three-year Series “H” bonds worth 100 million UAH for public offering, and in November of the same year, it issued Series “I” bonds for the same amount. The funds raised are planned to be used to expand the retail network.

“Agromat” manufactures and sells ceramic tiles and bathroom fixtures; it was founded in 1993. The company operates through 33 retail locations in 21 cities across Ukraine and online at agromat.ua.

According to information on the company’s website, based on 2025 results, PTK LLC “Agromat” increased its net revenue by 5.2% compared to the previous year—to 3.59 billion UAH—and its net profit by 91.4%, to 148 million UAH. In the first quarter of 2026, net revenue grew by 10.4% compared to the same period last year—to 788.5 million UAH—while net profit decreased from 47.5 million UAH to 199 thousand UAH.

As of the end of 2025, Kredobank was the Agromat Group’s main long-term lender, with loans totaling 34.8 million UAH at interest rates of 15.5% and 24.68%. An additional 3.9 million UAH was accounted for by ProCredit Bank at a rate of 3.77%.

The short-term loan portfolio, totaling 524.5 млн грн as of the end of 2025, consisted of loans from six banks at interest rates ranging from 3.77% to 24.68%: Raiffeisen – 199 млн грн, ProCredit – 153.9 млн грн, OTP – 20 млн грн, Crédit Agricole – 65.6 млн грн, Pivdenny – 19 млн грн, and Kredobank – 66.9 млн грн.

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Schneider Electric Named World’s Most Sustainable Company for Third Consecutive Year

Schneider Electric, a global leader in energy technologies, has been named the world’s most sustainable company for the third consecutive year by TIME magazine and Statista. The award is based on a ranking of the world’s 5,000 largest and most influential companies and reflects Schneider Electric’s long-standing commitment to integrating sustainability principles into its business strategy, corporate governance, and operations.

In pursuing its vision of advancing energy technologies to drive progress for all, Schneider Electric leverages its leadership in electrification, energy efficiency, and digitalization to create a positive impact on a global scale.

“We are honored to receive this recognition from TIME and Statista for the third consecutive year,” said Olivier Blum, CEO of Schneider Electric. “As energy becomes an increasingly important driver of economic growth, competitiveness, and social development, the need for smarter energy use continues to grow. We are convinced that intelligent energy management is a key driver of efficiency and decarbonization, helping our customers create long-term value while reducing emissions. It is this conviction that has guided Schneider Electric’s development for many years and continues to underpin our innovations, operations, and the advancement of energy technologies.”

This year’s recognition is particularly significant, as Schneider Electric recently unveiled its new sustainability program, Impact 2030. It is built around four strategic pillars: electrifying the world, transforming industry, unlocking human potential, and empowering local communities. The company assesses progress quarterly using measurable metrics, ensuring transparency and accountability at all levels.

In the first quarter of 2026, Schneider Electric reported an 82.5% reduction in Scope 1 and Scope 2 CO₂ emissions compared to the 2017 baseline, confirming the increased sustainability and efficiency of the company’s own operations.

Schneider Electric also reported the following results:

  • 47.5 million MWh of energy was saved or electrified for customers in the first quarter, directly contributing to the energy efficiency and sustainability of their operations.
  • 20 million metric tons of CO₂ emissions were reduced and prevented in this quarter alone.
  • The company also continued to roll out its new Future-Designed concept: 14% of key solutions currently in development already meet high standards of circularity and environmental excellence.

As part of the Impact 2030 program, Schneider Electric is also strengthening collaboration with its partner ecosystem, as the company is convinced that large-scale change can only be achieved through joint efforts. This applies first and foremost to collaboration with suppliers:

in the first quarter, more than 1,100 suppliers joined the Zero Carbon Pathway initiative, aimed at reducing the carbon footprint and strengthening climate responsibility at all stages of the value chain.

Amid growing global uncertainty and fragmentation, Schneider Electric also believes that long-term sustainable development is only possible with a strong local foundation. It is communities and people who are the driving force behind sustainable change, helping to translate global goals into tangible results at the local level. In the first quarter of 2026:

  • more than 2.8 million people gained access to sustainable electricity thanks to community solutions supported by Schneider Electric;
  • 113,000 people improved their skills through educational and training programs aimed at developing technical competencies in the fields of energy, electrification, and automation. In total, more than 1.2 million people have participated in such programs since 2009.

“As we embark on a new phase of implementing our sustainability strategy, we are combining ambition with responsibility. This third consecutive recognition confirms that we are moving in the right direction, and at the same time commits us to achieving even more,” said Esther Finidori, Director of Sustainability at Schneider Electric. “Impact 2030 lays the foundation for scaling our positive impact, and we are committed to accelerating this progress quarter after quarter.”

In addition to being named the world’s most sustainable company by TIME and Statista for the third consecutive year, Schneider Electric is also the only company to have ranked first on the Corporate Knights Global 100 list twice—in 2021 and 2025. Furthermore, Schneider Electric has been included on the Climate A List of the international environmental organization CDP for 15 consecutive years, confirming its consistent leadership in the fight against climate change.

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Ukrainian wine industry needs systematic dialogue with retailers to help local producers enter retail chains

Ukrainian local and craft wineries can expand their presence in national retail chains, but to do so, producers must meet retailers’ requirements regarding quality, safety, documentation, and supply stability.

This was discussed during the National Roundtable “Local Grape Varieties: Heritage, Sustainability, and Rural Development,” organized by the Public Association “UKRSADVINPROM” to mark the 10th anniversary of the Association’s activities.

Olena Gordon, a representative of the “Ukraine Food Retail Alliance” (UFRA)—which includes leading Ukrainian food retail chains such as ATB-Market, Silpo, VARUS, NOVUS, and KOLO—noted that local producers can enter retail chains provided they meet standards and are ready to scale up production.

For Ukrainian winemakers, this means that having a high-quality product is no longer the only requirement for increasing sales through retail channels. Retail chains expect suppliers to provide stable shipments, a clear quality control system, production traceability, the necessary certifications, regulatory approvals, and a willingness to work within a long-term partnership framework.

Roundtable participants noted that retailers’ interest in craft wineries and local producers is growing amid rising demand for Ukrainian products. In the context of the war, supporting domestic producers is viewed not only as a consumer choice but also as a key element of the country’s economic resilience.

For the producers themselves, collaboration with retail chains can be a crucial step in scaling their businesses. A presence on the shelves of national retailers boosts brand recognition, expands access to consumers, and helps foster a culture of Ukrainian wine consumption.

At the same time, participants in the discussion emphasized that craft winemaking requires a distinct approach. Small producers cannot always operate according to the logic of mass industrial production; therefore, flexible collaboration models, professional support, assistance with certification, and clear rules for market entry are essential for the segment’s development.

The HoReCa sector and wine tourism could serve as additional channels for promoting Ukrainian wine. Restaurants, tasting events, festivals, and wine tours provide opportunities to introduce consumers to local grape varieties, create an emotional connection with producers, and gradually build demand that can subsequently support retail sales.

The roundtable also noted that the development of local grape varieties could become part of a broader strategy for promoting Ukrainian wine. Volodymyr Pechko, Chairman of the “UKRSADVINPROM” Public Association, emphasized that Ukraine needs to more actively showcase its own varieties and build a wine identity around them. In particular, “Odesa Black” and “Sukholimansky” were cited as flagship varieties of Ukrainian breeding.

For retailers, local varieties could become a distinct competitive niche, as they allow retailers to offer customers not just Ukrainian wine, but a product with provenance, history, and regional identity. This approach could boost interest in Ukrainian wines both in the domestic market and, in the long term, in export markets.

Participants in the event also emphasized the need to create a Vineyard Register and conduct a comprehensive inventory of vineyards in accordance with EU approaches. This is important for the sector’s transparency, the development of geographical indications, Ukraine’s integration into the European system of support for viticulture, and the future use of EU financial instruments.

The “UKRSADVINPROM” General Association is an industry association operating in the fields of horticulture, viticulture, and winemaking. The organization brings together market participants, takes part in industry discussions, promotes the interests of Ukrainian producers, and supports the development of high-value-added products. In 2026, the Association celebrated its 10th anniversary.

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Arsenal Insurance will provide voluntary medical insurance coverage for 32 million UAH to Sens Bank employees

On June 26, Sens Bank JSC announced its intention to enter into a voluntary medical insurance contract with Arsenal Insurance Company for 3,800 employees, according to the Prozorro electronic procurement system.

It is noted that Arsenal Insurance’s bid amounted to 34.175 million UAH, while the expected cost of services was 44.893 million UAH.

Other insurance companies participating in the tender include VUSO (33.506 million UAH), Kraina (37.878 million UAH), and TAS Insurance Group (44.312 million UAH).

As previously reported, “Arsenal Insurance” was the winner of a similar tender in 2024.

 

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Ukrainian winemakers already developing local grape varieties as foundation of new wine identity

The development of local grape varieties in Ukraine is already moving from the level of professional discussion to practical implementation and is becoming one of the key areas for enhancing the competitiveness of Ukrainian winemaking, building regional brands, and promoting high-value-added products in domestic and international markets.

This was discussed during the National Roundtable “Local Grape Varieties: Heritage, Sustainability, and Rural Development,” organized by the UKRSADVINPROM Association to mark the 10th anniversary of the Association’s activities.

Participants in the event noted that local grape varieties are already becoming for Ukrainian producers not only an agricultural resource but also an element of cultural heritage, regional identity, and the future export specialization of Ukrainian winemaking. It is precisely around these varieties that the new identity of Ukrainian wine is taking shape—with its own history, origin, taste, and distinctiveness.

Volodymyr Pechko, Chairman of the “UKRSADVINPROM” Public Association, emphasized that Ukrainian winemaking already has its own foundation for development, and this foundation is linked to the promotion of domestic grape varieties. According to him, the flagship and ambassadorial varieties of Ukrainian wine could be, first and foremost, “Odesa Black” and “Sukholymansky,” which reflect Ukrainian breeding, authenticity, and the country’s wine identity.

Special attention was given to the creation of a Vineyard Register and the conduct of a comprehensive inventory of vineyards in accordance with EU approaches. This work is intended to serve as a practical foundation for Ukraine’s further integration into the European system of support for viticulture and winemaking, as well as for the potential use of EU financial instruments following the country’s accession to the European Union.

Pechko also reported that approximately 10,000 hectares are currently under vineyards in Ukraine. According to him, the reduction in vineyard acreage requires additional attention from the government and the industry, as it is impossible to ensure the stable growth of winemaking without preserving and developing the raw material base.

Interest from retailers and the HoReCa sector in local producers is already becoming an important factor for the Ukrainian wine market. Olena Gordon, a representative of the “Ukraine Food Retail Alliance” (UFRA)—which includes leading Ukrainian food retail chains such as ATB-Market, Silpo, VARUS, NOVUS, and KOLO—noted that local producers can enter retail chains provided they meet standards and are ready to scale up production.

This factor is particularly important for craft wineries, which are already creating a strong local product and have their own history, but face the chains’ requirements regarding supply stability, quality, safety, documentation, and production traceability.

Representatives of the restaurant and hotel sectors, in turn, noted that Ukrainian consumers’ interest in domestic wines is already growing. There is potential for promoting Ukrainian wine both domestically and abroad; however, strengthening the industry’s position requires systematic promotion—participation in international exhibitions, professional presentations, tastings, and “blind tastings,” which allow for an objective demonstration of product quality.

Wine tourism is already emerging as a distinct promotional tool. Festivals, tastings, and the development of wine routes help forge an emotional connection between producers and consumers, introduce Ukrainian wine to a wider audience, and create additional opportunities for the development of rural areas.

According to the participants, craft winemaking requires a distinct approach to regulation and development, as it cannot be evaluated using the same criteria as mass industrial production. For the sector to grow, it is important to foster a culture of Ukrainian wine consumption, support local producers, and develop the domestic market, which can serve as a foundation for future exports.

Mykola Patyka, Vice President of the National Academy of Agrarian Sciences of Ukraine, highlighted the role of science in preserving and developing the genetic potential of Ukrainian grape varieties. Scientific support, breeding, research into the adaptability of varieties, and work with genetic resources are essential for ensuring that local varieties become not only part of the country’s heritage but also a competitive product in the modern market.

The development of local grape varieties is already laying the groundwork for the emergence of new regional brands and geographical indications, the revitalization of rural areas, and increased recognition of Ukrainian products in international markets. For the industry, this means a shift from the general idea of promoting Ukrainian wine to a more specific model—one with its own varieties, origin, history, quality standards, and distribution channels.

The “UKRSADVINPROM” General Association is an industry association operating in the fields of horticulture, viticulture, and winemaking. The organization brings together market participants, takes part in industry discussions, promotes the interests of Ukrainian producers, and supports the development of high-value-added products. In 2026, the Association celebrated its 10th anniversary.

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All matchups for Round of 32 of World Cup have been determined

All matchups for the Round of 32 of the 2026 World Cup, which is being held in the United States, Canada, and Mexico, have been determined.

The first match of this round has already taken place: Canada defeated South Africa 1–0 and advanced to the Round of 16, where it will face the winner of the Netherlands–Morocco match.

All Round of 16 matchups for the 2026 World Cup:

June 28

South Africa – Canada – 0–1

June 29

Brazil vs. Japan

Germany vs. Paraguay

Netherlands vs. Morocco

June 30

Ivory Coast vs. Norway

France vs. Sweden

Mexico vs. Ecuador

July 1

England vs. DR Congo

Belgium vs. Senegal

United States vs. Bosnia and Herzegovina

July 2

Spain vs. Austria

Portugal vs. Croatia

Switzerland vs. Algeria

July 3

Australia vs. Egypt

Argentina vs. Cape Verde

Colombia vs. Ghana

Among the most notable matchups of the round are Brazil vs. Japan, the Netherlands vs. Morocco, France vs. Sweden, Portugal vs. Croatia, as well as the match between one of the tournament hosts, the U.S., and Bosnia and Herzegovina.

Reigning world champion Argentina will kick off the knockout stage with a match against Cape Verde; Spain will face Austria; England will take on the Democratic Republic of the Congo; and Portugal will face Croatia.

The 2026 World Cup will be held for the first time in an expanded format featuring 48 national teams. A total of 104 matches will be played during the tournament, with the final scheduled for July 19 at MetLife Stadium in East Rutherford, New Jersey.

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